PLATINUM2024

Free To Choose Network

aka Palmer R Chitester Fund Inc   |   Erie, PA   |  http://www.freetochoosenetwork.org
GuideStar Charity Check

Free To Choose Network

EIN: 52-1455677


Mission

"To use accessible and entertaining media to build popular support for personal, economic, and political freedom, thus advancing human well-being."

To accomplish our Purpose, we focus on motivating middle and high school students to consider the value of liberty and the steps that must be taken to preserve that freedom which we have, while instilling the passion and understanding needed for the future recovery of that freedom which has been lost to ever-growing government.

Ruling year info

1986

President & CEO

Mr. Robert S. Chatfield

Main address

2002 Filmore Avenue

Erie, PA 16506 USA

Show more contact info

Formerly known as

Palmer R. Chitester Fund, Inc.

Free To Choose Media

izzit.org

Idea Channel

EIN

52-1455677

Subject area info

Elementary education

Secondary education

Film and video

Television

Web-based media

Population served info

Children and youth

Adolescents

Adults

NTEE code info

Film, Video (A31)

Educational Services and Schools - Other (B90)

What we aim to solve

SOURCE: Self-reported by organization

Free To Choose® Network is a global entertainment and distribution organization focused on creating compelling documentaries that stimulate thought and cultivate conversations. Our award-winning productions offer fresh perspectives on important issues; they are real stories about real people. Equally important to our productions is our commitment to educating children and opening their minds to a world of possibilities. Through our educational affiliate, izzit.org®, we produce and distribute video-centric educational units that encourage thoughtful consideration and critical thinking. By way of powerful storytelling, Free To Choose Network inspires curiosity, elicits emotion, and opens the door for real conversations about issues that affect all of humanity. Free To Choose Network is a global media 501(c)(3) nonprofit organization.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

izzit.org

izzit.org is a not-for-profit that provides educational material designed to promote critical thinking about improving people's lives, and spark curiosity and lively debate.

Population(s) Served
Children and youth
Adolescents

Free To Choose Media produces thought-provoking public television programs and series, offering diverse voices, powerful stories, and a fresh perspective on a range of important global and national issues.

Population(s) Served
Adults

The Idea channel hosts videos of conversations held by and between some of the world's greatest thinkers.

Population(s) Served
Adults

We are the proud keepers of Capitaf (Cap-i-taf), a private space nestled in the Vermont mountains and once the summer home of Nobel Prize winner Milton Friedman and his wife, Rose. Capitaf gives us a facility ideally suited for creative brainstorming, scholarly debate, quiet contemplation, and intellectual collaboration. It is available to scholars, students, business and government leaders, and those who seek to understand and consider how to apply Friedman’s insights to the challenges of our world today.

Population(s) Served
Adults

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Total number of product's released (such as audio/visual series, teaching units, course, e-books, etc.).

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Context Notes

This is the number of total programs or materials produced each year. Examples, in 2020, A More of Less Perfect Union, 2019, Sweden, 2018, School Inc.

Total number of product's released (such as audio/visual series, teaching units, course, e-books, etc.).

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

We want to instill a respect and appreciation for personal, economic, and political freedoms; a belief in and promotion of free-markets and entrepreneurial solutions to problems, and a limited government.

Whether it is a documentary film from Free To Choose Media, a teaching unit video from izzit.org, or a shorter "new media" piece on a number of social media platforms, we strive to give viewers a fresh perspective on any given issue with a "gee, I never thought of it that way before" moment. The compelling personal stories in our video programs spark critical thinking in the viewer, and are in lock-step with our Corporate Purpose: to use accessible and entertaining media to build popular support for personal, economic, and political freedom thus advancing human well-being.

The more content we can create, the more we can inspire a fresh look at any issue. This approach leads the viewer to do their own research and learn independent of any popular opinion or prevailing thought.

We have been making high-quality, award-winning multimedia for a mass audience for 35+ years. We take our name from our first production, the seminal 10-hour public television miniseries "Free To Choose," featuring Nobel Laureate Milton Friedman.

In that time, via our documentary film division, Free To Choose Media, we have become highly respected in the public television universe, and stations across the country actively seek our programming. Executives in the largest media markets have told us we provide perspectives to a public television audience that is lacking and do so in a way that fulfills the very creation of public television in the first place.

Our educational affiliate, izzit.org, provides supplemental educational DVDs to teachers in the classroom and young learners directly via streaming video. Just as our documentaries do, our teaching videos provide new perspectives to students, sparking debate, curiosity, and critical thinking skills that last a lifetime and extend beyond the video's subject matter.

Our work never ends. Everyone is now a potential student or has the ability to find information on any topic on a smartphone or other device, and we will continue to add content that offers viewers more to consider when they do.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive

  • What challenges does the organization face when collecting feedback?

    We don't have any major challenges to collecting feedback

Financials

Free To Choose Network
Fiscal year: Jul 01 - Jun 30

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023 info

SOURCE: IRS Form 990

11.12

Average of 68.40 over 10 years

Months of cash in 2023 info

SOURCE: IRS Form 990

3.9

Average of 5.1 over 10 years

Fringe rate in 2023 info

SOURCE: IRS Form 990

27%

Average of 17% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Free To Choose Network

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Free To Choose Network

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Free To Choose Network

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of Free To Choose Network’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2019 2020 2021 2022 2023
Unrestricted surplus (deficit) before depreciation $104,918 -$338,371 $175,231 -$390,320 $1,203,361
As % of expenses 3.0% -9.4% 5.9% -8.4% 33.5%
Unrestricted surplus (deficit) after depreciation $87,465 -$361,866 $150,710 -$410,660 $1,170,104
As % of expenses 2.5% -10.0% 5.0% -8.8% 32.2%
Revenue composition info
Total revenue (unrestricted & restricted) $3,299,996 $2,894,526 $4,682,369 $4,181,132 $4,533,647
Total revenue, % change over prior year -26.0% -12.3% 61.8% -10.7% 8.4%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.1% 0.0% 0.1% 0.0%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 97.3% 95.6% 96.9% 95.5% 83.7%
Other revenue 2.7% 4.3% 3.1% 4.4% 16.2%
Expense composition info
Total expenses before depreciation $3,523,553 $3,598,391 $2,963,558 $4,634,788 $3,597,250
Total expenses, % change over prior year -5.2% 2.1% -17.6% 56.4% -22.4%
Personnel 35.9% 35.5% 46.3% 25.6% 27.4%
Professional fees 5.0% 3.6% 4.9% 15.3% 18.2%
Occupancy 2.3% 1.3% 2.2% 3.0% 4.4%
Interest 0.1% 0.0% 0.0% 0.0% 0.0%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 56.8% 59.6% 46.7% 56.1% 50.0%
Full cost components (estimated) info 2019 2020 2021 2022 2023
Total expenses (after depreciation) $3,541,006 $3,621,886 $2,988,079 $4,655,128 $3,630,507
One month of savings $293,629 $299,866 $246,963 $386,232 $299,771
Debt principal payment $0 $0 $230,022 $0 $0
Fixed asset additions $34,628 $42,603 $0 $200,324 $0
Total full costs (estimated) $3,869,263 $3,964,355 $3,465,064 $5,241,684 $3,930,278

Capital structure indicators

Liquidity info 2019 2020 2021 2022 2023
Months of cash 4.4 3.1 9.4 4.8 3.9
Months of cash and investments 5.5 4.2 11.1 7.1 6.8
Months of estimated liquid unrestricted net assets 1.7 0.5 1.1 -0.8 2.9
Balance sheet composition info 2019 2020 2021 2022 2023
Cash $1,289,318 $916,131 $2,319,757 $1,860,474 $1,180,211
Investments $338,127 $338,127 $428,127 $867,558 $867,558
Receivables $144,712 $13,479 $12,850 $19,160 $882,829
Gross land, buildings, equipment (LBE) $108,475 $139,882 $139,882 $276,242 $293,211
Accumulated depreciation (as a % of LBE) 70.8% 63.7% 73.2% 21.3% 30.8%
Liabilities (as a % of assets) 0.4% 16.8% 0.2% 24.9% 5.5%
Unrestricted net assets $522,627 $160,761 $311,471 -$99,189 $1,070,915
Temporarily restricted net assets $1,379,962 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $1,379,962 $1,014,468 $2,558,048 $2,403,401 $2,136,437
Total net assets $1,902,589 $1,175,229 $2,869,519 $2,304,212 $3,207,352

Key data checks

Key data checks info 2019 2020 2021 2022 2023
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

President & CEO

Mr. Robert S. Chatfield

Rob Chatfield has extensive experience interweaving the business and academic worlds. Starting his career with the Pioneer Institute, a market-oriented research non-profit in Boston, Rob has maintained a proactive role in academia for 20 years, teaching as an adjunct faculty member for many organizations. Rob is currently affiliated with Syracuse University’s on-line MBA program and Suffolk University’s finance department, where he earned his M.S. in Finance. For the past five years, he was CFO of Fluid Imaging Technologies, a manufacturer of scientific instruments. Prior to that, he served as a merger and acquisition advisor to private companies. and previously worked in corporate finance roles with Banknorth Group (now TD Bank) and Polaroid Corporation. A lifelong learner, community servant, and an adventurer, Rob served a one-year visiting professor assignment at Suffolk’s campus in Dakar, Senegal and has participated in several humanitarian missions with Rotary International.

Number of employees

Source: IRS Form 990

Free To Choose Network

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

Free To Choose Network

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

Free To Choose Network

Board of directors
as of 04/10/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Mr. Chris Rufer

The Morning Star Company

Term: 2022 - 2023

Chris J. Rufer

The Morning Star Company

Preston Cody

Wood Mackenzie

David Jorgensen

Brian Singer

William Blair and Company

Ronald H. Muhlenkamp

Muhlenkamp and Co., Inc.

Andrew Walters

Wayne Olson

Foundation for Economic Education (FEE)

Maryjo Cohen

National Presto Industries, Inc.

Thomas Martin

Stephanie Lips

Donors Trust Inc.

Mark Chitester

Rob Chatfield

Free To Choose Network

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 2/2/2022

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data

Contractors

Fiscal year ending
There are no fundraisers recorded for this organization.